CAIB 2 / CH 4 / SEC 1 / STUDY
GUIDE Questions &
Answers(RATED A)
Briefly explain the functions of Endorsements - ANSWERChanges the terms or conditions of the
Insured's policy
Briefly explain the functions of Riders - ANSWERAdds additional coverages to those already in place
Briefly explain the functions of Separate Policies - ANSWEREquipment Breakdown Insurance
(formerly known as Boiler and Machinery Insurance), computer, crime and other specialized
coverages are often purchased separately, but can also be added to an existing policy
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Exterior Signs -
ANSWERSign Form
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Exterior Glass -
ANSWERGlass Rider
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Vacant Property -
ANSWERVacancy Permit
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Records* -
ANSWERValuable Papers and Record Insurance; Accounts Receivable Form; Electronic Data
Processing Policy
, Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Flood - ANSWERFlood
Endorsement
*Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Sewer back up / water
escape - ANSWERWater Escape Endorsement
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Changes of
Temperature - ANSWERConsequential Loss Assumption Clause
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Disturbance or
erasure of electronic recordings - ANSWERElectronic Data Processing Policy
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Due to enforcement
of any by-law regulation, ordinance or law - ANSWERBy-laws Endorsement
SIGN FORM - Identify three other names for the Sign Form - ANSWERSign Floater; Neon Sign Floater;
Exterior Sign Floater
SIGN FORM - In addition to damage to the sign, identify two other types of damage covered -
ANSWERDamage caused to lettering; Damage caused to other artwork
SIGN FORM - Identify five common exclusions* - ANSWERWear and tear or mechanical breakdown;
Electrical currents or lightning; While the property is actually being worked upon; Dampness of
atmosphere or extreme temperatures; Strikers, locked out workmen, or persons taking part in labour
disturbances, riot or civil commotions
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Property on
loan/rental/conditional sale/payment plans* - ANSWERInstallment Sales Contract Floater
Identify the endorsement, rider or policy to respond to the following exclusions, restrictions, or
limitations found in the Fire and EC or Broad Form wording previously studied: Property in care of
sales representative - ANSWERSalesmen's Samples Floater / Sales Representative
